News & Reports
Amanah Timur-2 appraisal well set for Q1 2018
- Amanah Timur-2 (AMT-2) appraisal well formally approved by the joint venture with the rig contract signed by the Operator
- Drill timing is now January-February 2018 to avoid the wet season
- Exciting test of interpreted oil and gas zones in the AMT-1 well and deeper, undrilled objectives
Lion Energy Limited (“Lion” or “Company”; ASX: LIO) reports the South Block A PSC joint venture (Lion equity share: 40.7%) has formally approved drilling of the AMT-2 well to appraise the 2017 Amanah Timur-1 (AMT-1) discovery. The Operator, Renco Elang Energy (REE), has signed the rig contract with Pertamina Drilling Services (PDSI) and negotiated a forecast January-to February 2018 start date which follows the main wet season in the North Sumatra area.